Our Blog

STEVEN TOSCHER and MICHEL STEIN to Speak at Upcoming CalCPA Webinar

We are pleased to announce that Steven Toscher and Michel R. Stein, will be speaking at the upcoming CalCPA webinar Handling the New IRS Global High Wealth Examinations 2023,” Tuesday, November 14, 2023, 9:00 a.m. – 10:00 a.m. (PST).

The Global High Wealth Group is an industry group created by the IRS LB&I in 2009. The purpose of the Global High Wealth Group (also known as the “Wealth Squad”) is to bring together an IRS team of specialists to conduct detailed examinations of complex returns of high wealth individuals and their related entities. The IRS with updated Internal Revenue Manual provisions governing high wealth audits is poised to start the examination of hundreds of high net-worth taxpayers and large partnerships. Recent IRS announcements state that additional resources provided by the Inflation Reduction Act of 2022 will be laser focused on high wealth persons and examinations, which typically involve pass-through businesses, related trusts, foreign holdings, tiered partnerships, and related tax-exempt organizations.

The program’s learning objectives include:

  • Understanding the Global High Wealth Group audit program
  • Learn strategies to minimize risk from Global High Wealth Group audits
  • Master techniques in handling and advising clients examined by the Global High Wealth Group

We anticipate that attendees will: Better understand the “Wealth Squad” examination process, Know what foreign and domestic audits issues will be scrutinized during a “Wealth Squad” examination, Decipher “Wealth Squad” document requests and summonses, and more easily identify key strategies to minimize exposure from a “Wealth Squad” examination.

Don’t be caught unprepared! 

Click Here for More Information

< Back to all Posts